US Dollar Index is forming a rising wedge on the daily timeframe. If the swing high at 99.37 is violated, then the index still have further upside potential to hit the upper wedge before it collapses to return to the lower part of the wedge. However, there is possibility of the index being rejected at the swing high also. Finally, if the index violated the lower...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.145.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of S2=1.144.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...